tech2 News StaffSep 22, 2016 16:35:53 IST
Vodafone India today announced that it had become the service provider of choice for over 200 million customers in India. Celebrating this big number, the company also announced that it had received an equity infusion of INR 47,700 crore from Vodafone Group in the first half of its current fiscal year.
On the occasion of being the brand of choice of over 200 million Indians and speaking about this record equity infusion, Sunil Sood, MD & CEO, Vodafone India, said, “We are thankful to our customers for choosing Vodafone and delighted with the faith and support that our investors have shown in our business and India. With our commitment to support the Digital India vision, we are building one of the most modern and scalable telecom networks to deliver connectivity and the Vodafone SuperNet experience to all, for both voice and data. We are judiciously deploying a portfolio of technologies- 2G, 3G, 4G and IOT - to cater to the myriad connectivity needs of our retail and enterprise customers across the country. We have successfully increased our revenue market share by 0.6 percent in the first quarter of current fiscal. This equity infusion of INR 47,700 crore, which we believe is the largest ever in India, will enable Vodafone India to continue its investments in spectrum and expansion of networks across various technology layers delivering the best of experience to our hundreds of million customers.”
In India, Vodafone currently stands as the country's second largest telecom provider with a 22.5 percent revenue market share. At the announcement, MD and CEO Sunil Sood also gave a break up of of its users, who are divided into 3 types. Those who use just voice, others that are only on 2G and the third tier of premium or high-end user who use just 3G/4G services. The first type stands at 30 percent while the second with only 2G users takes up 40 percent. Lastly, we have the high-end users who take up another 30 percent out of which just 7-8 percent are hooked up to 4G services.
Vodafone also explained how it is a global leader in 4G networks and a pioneer in ‘Internet of Things’ (IoT). The telecom giant is rolling out its next generation broadband networks in India and has introduced IoT platforms, especially in the space of connected vehicles and Machine to Machine communication.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.